Are you on a budget as an international student searching for cheap MBA universities in Canada? If you are part of the large number of students seeking an MBA abroad in order to gain international exposure to the business world, we have quite a number of institutions that offer the cheapest MBA in Canada for international students.

MBA is an abbreviation of Master of Business Administration, which is a graduate business program that propels graduate students to the business world with technical, managerial, entrepreneurial, and leadership skills.

With an MBA degree, you are sure to become a top professional in business and management, and can hold positions in; Marketing Management, Health Services Management, Business Consultancy and many more.

Canada is recognized for its internationally acclaimed business schools, and offers a wide range of competitive MBA programs. If you are planning to pursue this degree, we have a list of 20 cheap MBA Colleges in Canada just for you.

 

Article Guide:

1.  Why Study in Canada?

2. Table Showing 20 Cheapest MBA Colleges in Canada and their Average Tuition Fees

3. 20 Cheapest MBA Universities in Canada for International Students

• Memorial University of Newfoundland
• University of Victoria
• Laval University
• University of New Brunswick
• University of Calgary
• University of Regina
• University of Prince Edward Island
• University of Manitoba
• University of Northern British Columbia
• University of Sherbrooke
• University of Alberta
• Vancouver Island University
• Concordia University
• Carleton University
• Ryerson University
• McMaster University
• Lakehead University
• Saint Mary's University
• University of Saskatchewan
• Wilfrid Laurier University

4. Conclusion

  

Why Study in Canada?

Canada is one of the top countries in the world to pursue an MBA degree, as they have various top ranking universities that offer professional and cheap MBA programs.

Aside from looking out for affordable MBA in Canada for international students, there are several reasons why this country is a good fit to study in.

Here are 5 good reasons why you should study in Canada:

 

1. MBA Degrees Issued in Canada are Internationally Recognised

When you have studied in Canada, you can use the degree or diploma you have obtained, to get yourself a technical or professional career in any other country in the world.

 

2. Work As You Study

As an international student, you can be permitted to work while studying in Canada. International students can work for up to 20 hours during semesters and full-time during winter break. You also have the chance to stay back in Canada and get a job after graduating.

 

3. A Safe Haven

International students studying in Canada are as well entitled to basic amenities Canadian citizens enjoy. The society respects your human rights, believes in equality, and peace is observed all over the country.

 

4. Easy Immigration

International students who have Canadian credentials and work experience, can immigrate to Canada by applying for a permanent residency after they graduate, without ever having to leave the country.

 

5. Multicultural Environment

If you are worried about not meeting your kind, or experiencing a part of your culture in Canada, then you are wrong. Most of the major diverse ethnic groups in the world are duly represented in Canadian society. This country and its universities allow for the representation of its indigenous people through food, culture, ethnic clubs, and associations.

 

 

Table Showing 20 Cheapest MBA Schools in Canada and their Average Tuition Fees

S/N	School	Average Tuition Fee
1	Memorial University of Newfoundland	CAD 4,833
2	University of Victoria	CAD 12,390 - 19,666
3	Laval University	CAD 15,225
4	University of New Brunswick	CAD 18,180 - 29,505
5	University of Calgary	CAD 19,104
6	University of Regina	CAD 20,168 - 35,537
7	University of Prince Edward Island	CAD 21,613
8	University of Manitoba	CAD 24,105
9	University of Northern British Columbia	CAD 24,320
10	University of Sherbrooke	CAD 25,384
11	University of Alberta	CAD 28,281 - 36,850
12	Vancouver Island University	CAD 28,800 - 48,000
13	Concordia University	CAD 31,725 - 37,500
14	Carleton University	CAD 33,617
15	Ryerson University	CAD 35,818
16	McMaster University	CAD 39,736 - 49,200
17	Lakehead University	CAD 39,999
18	Saint Mary's University	CAD 42,000
19	University of Saskatchewan	CAD 47,883
20	Wilfrid Laurier University	CAD 49,739

 

 

 

20 Cheapest MBA Universities in Canada for International Students

This section talks about 20 of the most affordable MBA universities in Canada for international students, their admission requirements, duration, their average tuition fees, and a direct application link.

Hopefully, you get to find your preference according to your budget here. Read on!

 

1. Memorial University of Newfoundland (MUN)

Ranked amongst the top Canadian comprehensive universities, MUN is literally the cheapest university in Canada for MBA for international students, due to its low cost tuition fee, and standardized training methods. This institution has four campuses split across St. John's, Grenfell, Harlow, and offers several academic programmes in an urban setting, in turn, offering the cheapest courses in Canada.

The majority of the school’s MBA students are part-time, yet this college is renowned for producing top professional graduates.

The MBA program here is internationally-accredited with a curriculum that is both rigorous and relevant and compels you to participate. Memorial’s MBA delivers the business fundamentals and skills to help you succeed locally, nationally and globally.

Average Tuition Fee: CAD 4,833

Duration: 2 Years

Admission Requirements for MBA at Memorial University of Newfoundland

• GPA: 2.75 on 4.0, B on the grading scale, 80-82% on a percentile scale

• GRE : 302

• GMAT: 550 (minimum). GMAT requirements are never waived off for MBA MUN

• Work Experience: Two years (minimum)

• English Language Scores: IELTS- 7.0 (overall), TOEFL- 92

• Two Letters of Recommendation (professional and academic)

Memorial University of Newfoundland Application Link

 

2. University of Victoria

University of Victoria is a top public research University in British Columbia. It has a student count of more than 21000, making it one of the largest Universities in Canada, as well as one of the cheapest University in Canada for MBA.

The university has specialized in eight areas of research that include culture and creativity, climate and energy, health and life sciences, data science and cyber-physical systems, ocean science and technology, global studies and social justice, mathematics, and computer science, and indigenous research.

In this institution, you can either apply for day time, weekend, or even a double-degree MBA program (e.g Management and Engineering), and still become an MBA graduate equipped with the required knowledge and skills needed to succeed in your career.

Average Tuition Fee - CAD 12,390 - 19,666

Duration: 17 - 21 months

Admission Requirements for MBA at University of Victoria

• GPA: Applicants must have a 1st class (60%; 7/10) bachelor's degree (minimum four years), or must have earned the equivalent of at least a "B" average over the last two years

• Work Experience: Above 2 years of work experience is required

• GRE: Accepted

• GMAT: 550+

• English Language Scores: TOEFL - 90, IELTS - 6.5

University of Victoria Application Link

 

3. Laval University

Founded in 1663, Laval University, which is a French research University, is one of the oldest Universities in Canada. This school is also one of the most prestigious Universities in Canada, ranked 15th in the country, and close to 400 in the world.

It is part of the cheap MBA Colleges in Canada and offer its course that spans for about 18months. During the MBA program, students master general knowledge about science administration and graduates will be equipped to be masters of one or more application areas or sectors of Administrative Sciences.

Average Tuition Fee : CAD 15,225

Duration: 1 - 1.5 years

Admission Requirements for MBA at Laval University

• Four-year bachelor’s degree

• English Language Scores: IELTS- 6.5, TOEFL- 79

• Resume

• Presentation/Personal letter

Laval University Application Link

 

4. University of New Brunswick

The University of New Brunswick is a university of global eminence. It has collaborated with various international universities for student exchange and study abroad programs, and is known for being an institution with one of the cheapest MBA tuition fees in Canada.

MBA at University of New Brunswick is a professional program that is designed to develop innovative entrepreneurial leaders in today's world of business and management. It offers customization option to its students so they can tailor their program to align it with their professional plans, which would be a great fit for international students.

Average Tuition Fee: CAD 18,180 - 29,505

Duration: 12 - 48 months

Admission Requirements to MBA at University of New Brunswick

• GPA: 3.4 on a scale of 4.4, A on grading scale, and 86% or more on percentile score.

• GMAT scores: 600

• Work Experience: Two-three years (minimum)

• SOP for MBA

• English Language Requirements: IELTS- 7.0, TOEFL- 80

• Three references of letters

• Resume

University of New Brunswick application link

 

5. University of Calgary

The University of Calgary is ranked among the most affordable MBA in Canada for international students, and specializes in MBA areas such as; Entrepreneurship and Innovation, Finance, Marketing, Project Management, Global Energy Management and Sustainable Development, Real Estate Studies.

The University of Calgary’s Haskayne School of Business offers a variety of MBA degree programs which are; Daytime MBA, Evening MBA, Accelerated MBA, Combined MBA, Thesis MBA, and Executive MBA all committed to empowering students to become a leader with real-life expertise.

Average Tuition Fee : CAD 19,104

Duration: 2 years

Admission Requirements for MBA at UCalgary

• GPA: Minimum of 3.0 on a scale of 4.0 grading scale, and 86% or more on percentile score.

• GMAT scores: Minimum of 550

• GRE: Accepted

• English Language Scores: IELTS- 7.0, TOEFL- 97

• Two references of letters.

University of Calgary Application Link

 

6. University of Regina

Long renowned for its reputation in objective learning, providing internships, and professional placements, the University of Regina offers one of the cheapest MBA programs in Canada for international students.

The MBA degree is administered through the Kenneth Levene Graduate School of Business and prepares students with the required skills to succeed in the business world. The MBA program in this institution is a 39 credit hour course that can be completed in two years of full-time study.

Average Tuition Fee: CAD 20,168 - 35,537

Duration: 1.5 - 2 years

Admission Requirements to MBA at University of Regina

• Applicants must hold a four-year undergraduate degree with a minimum grade point average equivalent to Canadian 70%

• Work Experience: 2 years (minimum)

• GMAT: 500

• GRE: Accepted

• English Language Scores: TOEFL - 80, IELTS - 6.5

 University of Regina Application Link

 

7. University of Prince Edward Island

Accredited by the Association to Advance Collegiate Schools of Business (AACSB), the University of Prince Edward Island is among the cheapest colleges in Canada for MBA, and this school is designed to produce graduates that are prepared to make an impact in the world of business.

This institution's MBA program offers two streams of study- one in Innovative Management and one in Biotechnology Management & Entrepreneurship. The teaching methodologies include theory-based, experimental learning and research-based methods.

Average Tuition fee: CAD 21,613

Duration: 20 Months

Admission Requirements for MBA at University of Prince Edward Island

• Four-year bachelor’s degree

• GMAT, though required, can be waived off if you have high academic scores at undergraduate level.

• Work Experience: Not Mandatory

• English Language Scores: IELTS- 7.0 (overall), TOEFL- 100.

University of Prince Edward Island Application Link

 

8. University of Manitoba

University of Manitoba is another university accredited by the AACSB, and one of Canada's cheapest universities for MBA.

The Asper MBA program is designed to meet the market-driven needs of today’s industry professionals and allows for specialization in several areas such as; Finance, Leadership and Organizations, Marketing, Supply Chain Management, International and Emerging Markets, Entrepreneurship and Innovation, Health Administration, Management of Public Enterprises.

Average Tuition Fee: CAD 24,105

Duration: 2 Years

Admission Requirements to MBA at University of Manitoba

• GPA: 3.0

• Work Experience: 2 years of professional work experience

• GMAT : 550

• PTE : 65

• English Language Scores: TOEFL - 100, IELTS : 7

University of Manitoba Application Link

 

9. University of Northern British Columbia

University of Northern British Columbia (UNBC) is an open research institution that is associated with the Universities Canada, the Association of Commonwealth Universities, U Sports, the International Association of Universities, and the University of the Arctic.

UNBC is known to be among the list of the best smallest universities in Canada, and offers some of the cheapest MBA courses in Canada. Its main focus is on research related studies, cultural studies, economical studies, science, and environmental studies.

The MBA program offered by this institution is designed to educate and train business professionals with advanced research skills knowledge in specialized areas such as; Finance, Human resources, Management/organizational behavior, Marketing, Operations management/international business.

Average Tuition Fee: CAD 24,320

Duration: 21 months

Admission Requirements for MBA at University of Northern British Columbia

• Four-year bachelor’s degree.

• GMAT scores: Not required

• Work Experience: Three years (minimum)

• Letter of Intent

• English Language Requirements: IELTS- 6.5, TOEFL- 90

• Three references of letters

• Resume

University of Northern British Columbia Application Link

 

10. University of Sherbrooke

University of Sherbrooke is a public French speaking university, and is ranked among the top 30 Universities in Canada.

This school is one of the largest and most affordable MBA universities in Quebec, and also one of the cheapest mba colleges in Canada.

The MBA program is offered on a full-time basis with a cooperative internship at the Sherbrooke main campus.

Average Tuition Fee : CAD 25,384

Duration: 16 months

Admission Requirements for MBA at University of Sherbrooke

• GPA: Minimum of 2.7 in a 4.3 grading system. Applicants with a first degree in administration or equivalent are eligible

• Work Experience: 2 years

• Birth certificate copy

• Official Transcripts

• Resume

• Three letters of recommendation

• Interview

• Residency Proof

• Relevant experience

University of Sherbrooke Application Link

 

11. University of Alberta

Alberta School of Business is a century-old school and one of the first business schools in Canada to be accredited by AACSB.

Not only does this University offer one of the cheapest MBA in Canada for international students, but the program also offers a real-world experience to its students through a blend of case studies.

Students would also have the opportunity to specialize in areas such as; Finance, Innovation & Entrepreneurship, International Business, Natural Resources, Energy & Environment, Public Policy & Management, Sustainability.

Average Tuition Fee: CAD 28,281 - 36,850

Duration: 20 Months

Admission Requirements for MBA at UAlberta

• GPA: 80% on the percentile scale, B on the grading scale

• GMAT: 550 (minimum)

• Work Experience: Two-years (minimum)

• Letter of Reference

• Statement of Intent for MBA

• English Language Scores: IELTS- 7.0, TOEFL- 100

University of Alberta Application Link

 

12. Vancouver Island University

Aside from being one of the cheapest MBA colleges in Canada, VIU's MBA program is known for its international attendance, with students from more than 20 countries attending the MBA program in this institution, making it a home for international students.

International students seeking an MBA degree in Canada whilst experiencing cultural diversity, should consider this school a great choice.

Average Tuition Fee: CAD 28,800 - 48,000

Duration: 14 - 18 Months

Admission Requirements for MBA at Vancouver Island University

• Average B grade in final 2 years of Bachelor’s degree

• Students without an undergraduate degree in business must complete the Foundation program before the start of the MBA program

• Letter of Recommendation

• Work Experience: 1 year (minimum)

• English Language Scores: TOEFL - 93, IELTS - 7

Vancouver Island University Application Link

 

13. Concordia University

Concordia University is one of the top 500 universities in the world. It is ranked 17th among the top universities in Canada, and rated to be part of the top 10 business schools in Canada. Their MBA program is ranked 24th worldwide and 5th in Canada, and can also be rated as part of the top 20 affordable MBA programs in Canada for international students.

As one of the cheap MBA schools in Canada, this institution allows its students to focus on a specific area or explore different aspects of management, through flexible approach to learning.

Average Tuition Fee: CAD 31,725 - 37,500

Duration: 16 - 24 months

Admission Requirements to MBA at Concordia University

• GPA: 3.0 in a 4.3 grading system

• Work Experience: minimum of 2 years

• PTE: 61

• GMAT: 580

• English Language Scores: TOEFL - 95, IELTS - 7

Concordia University Application Link

 

14. Carleton University

Carleton University is ranked at 22nd in Canada and features in many list of Top Universities in Canada. Along with many fields, the Carleton University is known for fields of international business courses and Entrepreneurship.

The business faculty is called Sprott School of Business, and has won Overall Institution Performance Award, and still mauntains its status of offering one of the lowest cost MBA in Canada.

The MBA program in Sprott School of Business, covers a cross-section of business disciplines to give students a foundation of integrated knowledge and skills needed to identify and solve complex management problems.

Average Tuition Fee - CAD 33,617

Duration: 16 Months

Admission Requirements for MBA at Carleton University

• GPA: Grade B or 8.0 on the scale of 10.

• GMAT scores: 550 (minimum)

• Work Experience: Two years (minimum)

• Resume

• Two Letters of Recommendation

• Statement of Intent

• English Language Requirements: IELTS- 65, TOEFL- 86

Carleton University Application Link

 

15. Ryerson University

Ryerson University's business school is called Ted Rogers School of Management, which is located in the heart of Toronto. This school is one of the best and cheapest MBA in Toronto for international students.

Students will have the opportunityto specialize in the following areas: International Business, Marketing, Real Estate, Human Resource Management, Mining Management and Corporate Social Responsibility (CSR).

Ted Roger's produces MBA graduates who understand the global context of the industries they work within and who possess the foundational knowledge required to become capable and confident business leaders.

Average Tuition Fee: CAD 35,818

Duration: 12 Months

Admission Requirements for MBA at Ryerson

• GPA: 3.0 on a scale of 4.33, B+ on the grading scale

• GRE score: Required

• Online interview

• Work Experience: Two years (minimum)

• Two reference letters

• Statement of Intent

• English Language Scores: IELTS- 7.5, TOEFL- 100

Ryerson University Application Link

 

16. McMaster University

McMaster University is one of the most renowned Public Research Universities in Canada. It is rated among the top 10 universities when it comes to best Universities in Canada, and also ranked among the top 150 universities in the world.

This institution houses a large number of international students coming from 120 countries across the world, and is also one of Canada's MBA cheapest colleges.

Best known for its research in Science and Engineering, McMaster's MBA program (DeGroote School of Business) is also rated among the top MBA programs in Canada.

Average Tuition Fee: CAD 39,736 - 49,200

Duration: 20 - 28 Months

Admission Requirements for MBA at McMaster University

• GPA: 75% or 3.0 on a 4-point grading scale

• GMAT: Accepted (600)

• GRE: Accepted

• Work Experience: Applicants must have one year of full-time, continuous professional, managerial, or technical work experience

• English Language Scores: TOEFL - 100 IELTS - 7

McMaster University Application Website Link

 

17. Lakehead University

Established in 1965, Lakehead University is a public institution located in Thunder Bay, Ontario, Canada.

The MBA program at Lakehead University is no doubt one of the cheapest MBA in Ontario, and is also  a general degree that is  designed to prepare students for success in a wide range of careers in management. This program is completed in 12 months of full-time study or 3 years on a part-time basis.

One of the main objectives of Lakehead University is to ensure that graduates will understand technical business skills and apply them in new and unfamiliar circumstances.

Average Tuition Fee - CAD 39,999

Duration: 12 Months

Admission Requirements for MBA at Lakehead University

• You must have a four year bachelor's degree or its equivalent with at least second class standing (B) based on their last 20 half courses or equivalent

• GMAT: 500

• GRE: 300

• PTE: 58

• English Language Requirements: IELTS - 6.5 & Above , TOEFL - 80

• Work Experience: 2 years (minimun)

Lakehead University Application Link

 

18. Saint Mary's University

Accredited by the AACSB, as well as renowned to be one of the cheap MBA colleges in Nova Scotia, Sobey School of Business MBA is a transformative, and dynamic program that nourishes students with the concepts and tools to be an effective leader in today's global economy.

This institution is a home for international students across the world. Students outside Canada have found this institution to be a solid ground to kickstart their business career, and Sobey, in turn, is among the top 20 affordable MBA colleges in Canada for International students.

The MBA program in Sobey provides students with a solid academic foundation, and applied learning opportunities. The four areas of focus include marketing, consulting, finance and Entrepreneurship, Social Enterprise and Sustainability.

Average Tuition Fee: CAD 42,000

Duration: 16 Months

Admission Requirements for MBA at Saint Mary's University

• GPA: You must have an undergraduate degree in any discipline with at least a B average (3.0/4.3 GPA) or equivalent

• PTE : 65

• GRE : Accepted

• GMAT : 550

• Work Experience: 2-3 years of work experience is preferred, but not required

• English Language Requirements: IELTS- 7.0, TOEFL- 100

Saint Mary's University Application Link

 

19. University of Saskatchewan

The University of Saskatchewan has emerged as a well-known research-based university. Its business faculty, Edwards School of Business, is known to be among the top cheap MBA Colleges in Canada for international students.

The MBA program in this institution is an intensive and highly appreciated program which gives students an opportunity to enhance their management and leadership skills in an applied and useful way.

Accredited by the AACSB, Edwards School of Business, accepts students from both business and non- business background.

Average Tuition Fee: CAD 47,883

Duration: 1 year

Admission Requirements to MBA at University of Saskatchewan

• Applicants must have a four-year degree, or equivalent, from a recognized universit, with a cumulative weighted average of at least 70% in the last two years of study

• GMAT : 500

• PTE : 63

• English Language Scores: TOEFL - 86, IELTS - 6.5

• Work Experience is not mandatory but is an added advantage

University of Saskatchewan Application Link

 

20. Wilfrid Laurier University

Located in Waterloo, Ontario, Canada, Wilfrid Laurier School of Business and Economics has some of Canada's cheap MBA courses for international students, that is recognized and accredited by the AACSB.

The program offers ten different MBA specializations which includes; accounting, entrepreneurship, financial management, innovation & entrepreneurship, international business management, management in golf and resort industry, marketing, operations management, human resource management, strategic management and supply chain management.

Average Tuition Fee : CAD 49,739

Duration- 12 Months

Admission Requirements for MBA at Wilfrid Laurier University

• Four-year bachelor’s degree

• GMAT: 550 (minimum)

• Work Experience: Two-years (minimum)

• English Language Scores: IELTS - 7.0 (overall), TOEFL - 89

• Three reference letters (professional and academic)

 Wilfrid Laurier University Application Link

 

The 20 cheapest MBA Universities in Canada 2024 provided in this article, might be all that you need to get a solid foundation to successfully kick-start your Managerial career in today's world of business.

You can now get an MBA degree in universities that are located in major cities in Canada, and also explore multicultural diversity, as well as earn a living while you study.

Which of these affordable MBA Colleges in Canada would you study in? Hurry and apply now!

 

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