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Most Cost Effective MBA Programs in Canada for Indian Students

Canada is widely known as a top education hub and also for opening its doors wide for prospective students who want to earn a degree from a Canadian institution. They accept eligible candidates from all over the world to join in her world-class education and also earn an equally widely recognized degree.

Canadian institutions offer all kinds of degrees, certificates, and diplomas. Associates, bachelor’s, master’s, and doctorate degrees are offered in various fields of study, most of which are ranked among the best programs in the world.

The MBA is one of them, and since you have shown an interest in earning an MBA program from Canada this article will help you in kick-starting your studies and advancing your career.

Generally, studying in another country is usually expensive for international students and Canadian universities aren’t exempted. Studying in Canada is expensive but to help students, there are a series of scholarships set aside by universities, the Canadian government, charity foundations, etc. to financially assist international students.

However, this article isn’t about scholarships for international students but the cheapest MBA in Canada for international students.

  • Memorial University of Newfoundland MBA Program

The Memorial University of Newfoundland is ranked no.1 cheapest MBA in Canada for international students. Domestic students also enjoy her cheap, quality education but since this is about international students.

The MBA program is administered by the Faculty of Business Administration in the Graduate section and gets a substantial amount of donations from the province which is why the MBA program is cheap. The MBA program at MUN is also ranked among the top 5 in the country.

The program is completed in 2 years and the tuition fee for an international student is $12,905.26 for the whole 2-year program.

  • The University of Regina MBA Program

With a reputation for experiential learning, offering internships, and professional placements; the University of Regina offers one of the cheapest MBAs in Canada for international students.

The MBA degree is administered through the Kenneth Levene Graduate School of Business and equips students with the right skills required to achieve their personal and career goals. The MBA program at this university is a 39 credit hour course that can be completed in two years of full-time study.


The tuition fee for international students for the MBA program at the University of Regina is $9,386 per year.

  • Simon Fraser University MBA Program

Established in 1965 with three fully-established and functional campuses located in Vancouver, Burnaby, and Surrey, Simon Fraser University stands among the cheapest MBA in Canada for international students.

The MBA degree program at SFU is provided through the Beedie School of Business which features a world-class faculty and experiential learning. The program is completed in 12 months of full-time study and costs CAD 55,600.

  • University of Calgary MBA Program

As a world-class higher citadel of learning that inspires and supports discovery, creativity, and innovation, the University of Calgary is ranked among the most affordable MBA in Canada for international students.

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. The tuition fee for international students is $13,330.

  • Laval University MBA Program

The Faculty of Business Administration at Laval University offers the cheapest MBA in Canada for international students. It is a 45-credit program that can be completed at your own pace, as it has the distance learning option, full-time, and part-time options as well.

If you hold a bachelor’s degree, you can totally sign up for this degree and expand your knowledge, critical thinking, and analytical skills for business purposes. The tuition fee for this program for an international student is $1,942.86 per 3 credits.

  • Queen’s University MBA Program

The Smith School of Business at Queen’s University has waived off the GMAT requirement for its 12 month MBA program. The program stands as one of the cheapest MBA in Canada for international students without GMAT.

It instead requires applicants to have a bachelor’s degree in business, finance, economics, accounting, or related field and at least 2 years of work experience. Students must also take the English language proficiency test, such as the TOEFL, IELTS, or PTE, and submit results.

  • Wilfrid Laurier University MBA Program

The Lazaridis School of Business and Economics at Wilfrid Laurier University is the faculty responsible for offering the MBA degree program and it does not require a GMAT to gain entry into the program. The MBA program is available at both the Waterloo and Vancouver campuses and has various study options.


The study options are full-time, full-time + co-op, part-time evenings, part-time accelerated, and part-time weekends. This is designed so that students can study at their pace and working graduates can also find the time to attend classes.

  • Ivey Business School MBA Program

Ivey Business School is located in Toronto and it ranks among the cheapest MBA in Canada for international students without a GMAT. The school waived it off and requested for a higher standing bachelor’s degree and an IELTS score of 7.0.

The Ivey Business school is affiliated with the business school of the Western University, Ontario also known as UWO. The school offers a 12 month MBA program which is cheap and does not require GMAT to gain entry.

  • Lakehead University MBA Program

With an innovative curriculum and a cutting-edge faculty, the MBA program at Lakehead University is designed to equip graduate students with innovative skills that will prepare them for a successful career in the business world.

Lakehead University MBA Program does not require GMAT and is equally cheap, making it stand out as one of the cheapest MBA for international students without GMAT. The program is completed in 12 months of full-time study or 3 years of part-time basis and prefers students with a high academic standing of at least B in their bachelor’s degree.

  • York University MBA Program

York University is a popular one holding both national and international prestige. The university offers one of the cheapest MBA for international students without GMAT through its Schulich School of Business.

The GMAT is only waived if the applicant meets the academic requirement of achieving a B+ or even better in the last two years of undergraduate studies. The MBA degree program at Schulich is designed to produce graduate students with the specialized knowledge and leadership skills required to gain a competitive advantage in the business world.

  • Ryerson University MBA Program

Ryerson University is located in Toronto and offers one of the cheapest MBA in Toronto through its Ted Rogers School of Management. The tuition fee for the MBA program for international students is $32,488.

The MBA has both full-time and part-time study options which are completed in 12 and 36 months respectively. The program equips graduates to become business leaders who are responsive to emerging trends and the immediate demands of the marketplace.

Final Words

The cost of an MBA in Canada can vary as per the course and university you have chosen. MBA courses can range somewhere between 34,000 CAD up to 120,680 CAD (as per the MBA fees of Canada’s top Business school Rotman School of Management’s MBA course. Further, there is a wide range of business schools and universities in Canada which offer low cost MBA to international students and some of these include, the Memorial University of Newfoundland, University of Northern British Columbia, University of Waterloo, University of Ottawa, etc.

Completing higher education in Canada, international students can explore a plethora of job opportunities in different sectors and you can also apply for a work permit through a hassle-free process and can further apply for permanent residency in Canada. Also, while pursuing MBA, you can opt for part-time work opportunities and further seek full-time employment after completing your course.

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For over 15+ years as an Entrepreneur, and India’s Top Educationist, Jatin has led a range of initiatives in the Education Industry. In this role, he has created many successful educational services and products geared towards generating success for professionals aspiring to join IVY League and global Top Tier Universities for MBA Programs, Masters Programs, and undergraduate courses. He is the Founder and CEO of PythaGURUS Education, and has been recognized as a thought leader in the Higher education sector. Economic Times, Hindustan Times, Times of India, India Today, Business Today, Tribune, and many other national newspapers have recognized his work, and have given him numerous opportunities to be a regular columnist. He has also served as a panelist for NDTV, and other national news channels.

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